Business
Tjate Executes Mining Right
Tjate Executes Mining Right.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \nRNS Number : 3364Y Jubilee Platinum PLC 02 March 2017 \n\nJubilee Platinum PLC\nRegistration number (4459850) \nAltX share code: JBL\nAIM share code: JLP\nISIN: GB0031852162\n \n2 March 2017 \n \n \nJubilee Platinum\n(\"Jubilee\" or the \"Company\")\n \nTJATE EXECUTES MINING RIGHT\n \n \nHighlights \n \n· The 22.33 million PGM ounce* Tjate Platinum Project (\"Project\") is awarded its Mining Right \n \n· The execution of the Mining Right is a significant milestone in the development of the Tjate Platinum Project in support of Jubilee's Mine-to-Metals strategy \n \nLeon Coetzer, Chief Executive Officer of Jubilee said:\" We are pleased that the Tjate Platinum Project has received the mining right. The mining right is a major milestone in the development of the Project and is in line with the Company's Mine-to-Metals strategy. The mining right confirms the significant potential value the Project offers to Tjate and contributes to the Company's resource portfolio. The timing of the mining right coincides with the continued global recovery supporting the anticipated improvement in the platinum markets. The Tjate Platinum Project is one of the world's largest undeveloped block of platinum and we look forward to unlock its full potential.\"\n \nJubilee, the AIM-quoted and AltX-listed Mine-to-Metals specialist, is pleased to announced that Tjate Platinum Corporation Proprietary Limited (\"Tjate\"), has executed a mining right (\"Mining Right\") with the Department of Mineral Resources in respect of the Project comprising the Farms Dsjate 249 KT, Fernkloof 539KS and Quartzhill 542 KS, situated in the Magisterial District of Sekhukhune in the Limpopo Province of South Africa. \n \nTjate now has the right to mine and process all platinum group metals, chrome, nickel, copper, gold and certain associated metals and minerals from the Project mining area, subject to Tjate complying with the terms of the Mining Right and alignment to the requirements of the Mining Charter. \n\nThe Mining Right is significant not only to Tjate and Jubilee, as largest shareholder, but also for South Africa's mining industry as a whole and is a culmination of Tjate's exploration on the Bushv...